Precious metals markets got hammered earlier this week as interest rates continued their relentless march higher.
But the Federal Reserve seems intent on keeping interest rates elevated until something breaks in the economy. Any incoming badInvestor interest in gold andhas languished in recent months as prices have failed to break out and remained mired in trading ranges. Of course, investors who are aiming to accumulate bullion should welcome soft market conditions. They make for favorable buying opportunities.
It is possible that spot prices could head lower still in the days ahead. It’s also possible that a big Fall rally is just getting underway. Investors can protect themselves from the risks of being on the wrong side of up, down, or sideways markets by simply adding to their positions regularly, regardless of price.
Heading into the weekend, all eyes will be on Washington, D.C as the deadline for avoiding a potential government shutdown looms. The political melodrama may make for compelling headlines. But investors shouldn’t be distracted by them.
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Stock Market Today: Stocks higher, Treasury yields slide, inflation in focusSoft inflation data from Europe, as well as a pullback in the dollar, has stocks looking to close out a bruising September on a high note Friday.
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